Evercore analyst Stephen Kim maintains $Mohawk Industries (MHK.US)$ with a hold rating, and maintains the target price at $154.
According to TipRanks data, the analyst has a success rate of 67.0% and a total average return of 18.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Mohawk Industries (MHK.US)$'s main analysts recently are as follows:
The firm anticipates that 'sluggish' end market volumes, along with pricing pressure, mix-down, and hurricane-related challenges, will likely affect the company's earnings through 2024. Furthermore, the expectation of a volume recovery in 2025 is contingent upon interest rate relief.
The sentiment remains tempered regarding a strong and enduring earnings revival for Mohawk Industries amid persistent macroeconomic and competitive challenges.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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